India Hands Over 500 t Rice And 8500 t Cement To Seychelles

06 Jul 2026 CW Team

India handed over 500 metric tonnes (t) of rice and 8500 metric tonnes (t) to Seychelles during a state visit by the Indian prime minister, the Ministry of External Affairs spokesperson said. The deliveries were presented as part of India’s role as a food security partner and to meet immediate development needs through timely and need based assistance. The handover was described as reinforcing India’s support to the Global South and deepening bilateral ties.

An Umbrella Line of Credit agreement was established between the Government of Seychelles and the Export-Import Bank of India, creating a financing framework under which Seychelles may access Indian credit for approved projects. The arrangement is intended to facilitate concessional financing for infrastructure and development priorities identified by Seychelles authorities. Officials framed the facility as enabling project level cooperation rather than conditional aid.

Legal and security cooperation was advanced with the signing of an extradition treaty aimed at strengthening cooperation against transnational crime. To bolster maritime and internal security, India gifted a fast patrol vessel, 10 utility vehicles and five sets of Laser Radial class boats to the Seychelles Defence Forces. The package of defence equipment was presented as part of India’s effort to act as a net security provider in the Indian Ocean region.

India reiterated that its development partnership model focuses on grants, concessional financing, capacity building and humanitarian assistance based on local priorities rather than conditionality. The combined measures of material aid, credit lines and security cooperation were characterised as furthering durable bilateral engagement and responding to Seychelles’ development and security requirements. Officials indicated the cooperation aimed to support the island nation’s resilience and regional connectivity.

Real Estate

21 Jul 2026

ANDPL launches AI assistant for Dharavi residents

Adani Navbharat Developers (ANDPL), the special purpose vehicle implementing the Dharavi Redevelopment Project (DRP), has launched Dharavi Didi, a 24x7 AI-powered digital assistant to provide residents with official information on the redevelopment programme.Accessible through video calls, voice calls and WhatsApp, the platform enables residents to obtain information on surveys, eligibility, documentation, rehabilitation and project updates in Hindi, Marathi and English. Support for Tamil, Telugu and Gujarati is planned in the coming months.According to ANDPL, the initiative is intended to imp..

Indobell Secures Domestic Order For Nodulated Wool

Indobell Insulations Limited (Indobell) has disclosed that it has secured a domestic order from Sundaram Brake Linings Limited (Sundaram Brake Linings) for the supply of nodulated wool valued at Rs 48.74 mn. The company submitted the disclosure to BSE Limited on 17 July 2026 under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015 and related circulars. The filing identified the purchaser as a domestic entity and described the contract as a standard supply agreement to be fulfilled over a specified timeline. The order carries payment terms of 45 days by..

PTC Secures BrahMos Order For Strategic Missile Subsystem

PTC Industries Limited has received a landmark order from BrahMos Aerospace Private Limited for development, integration and supply of a strategic missile sub-system for the BrahMos programme. The order marks the company’s first major assignment in systems-level integration and represents a strategic move further downstream in the aerospace and defence value chain. The award reflects BrahMos Aerospace's confidence in PTC’s engineering depth, manufacturing discipline, quality systems and execution capability. The development opens a new chapter as PTC transitions from supplying critical mat..